DECODING MCA SCHEME FOR RELAXATION OF CHARGES MCA vide General Circular no. 23/ 2020 dated 17th June, 2020 has issued Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 for all Companies Registered with…
Hon'ble Calcutta High Court, in the case of M/s SMVD Polypack Limited v. Commissioner of CGST and CX, Kolkata North Commissionerate & Ors. vide its order dated June 11, 2020 directed Department to accept the TRAN-01 in manual form, where the portal for filing the…
CBIC launched the e-Office application CBIC Begins Using e-Office in all CGST and Customs offices “The e-Office is a Mission Mode Project (MMP) under the National e-Governance of India.” Chairman of Central Board of Indirect Taxes and Customs (CBIC) has launched remotely the e-Office application…
Opt Out The students (who have already submitted online examination application for May 2020 Examination cycle) shall be allowed to OPT-OUT and carry forward their candidature to next examination i.e. November, 2020 examination cycle. In this case, the examination fees and exemption, if any, of…
NOTIFICATIONS Extension in validity of e-way bill generated in terms of Rule 138 of CGST Rules Validity of e-way bill generated (in terms of Rule 138 of CGST Rules) on or before March 24, 2020 and whose validity has expired on or after March 20,…
INTRODUCTION Composition in dictionary meaning: the nature of something’s ingredients or constituents; the way in which a whole or mixture is made up. The word “composition” comes from the Latin, meaning “put together”. It is a feature of Indirect Tax laws that in order to…
Hello everyone, I hope you all are doing well and staying safe at your places. We all are having multiple views over the impact of COVID-19 in Accounting and auditing. At present, many of us are doing Audits remotely on the basis of the availability…
Reserve Bank of India has released the Discussion Paper on Governance in Commercial Banks in India and invited Public Comments by 15th July 2020. The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of…